Cheap Shares, but HTC Deal Is a Hard Sell

Speculation is rising that HTC Corp. could become a takeover target. But given its sliding market share and murky outlook, the Taiwanese smartphone maker could be a risky bet for any acquirer. Some analysts contend it would make sense for Chinese smartphone makers such as ZTE Corp., Huawei Technologies Co. or personal-computer-maker Lenovo Group, which is investing heavily in smartphones, to snap up HTC to build up scale, especially outside of China, as they transition to the high-end smartphone market on which HTC has long focused.

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